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Evidence Guide: DEFFIN026 - Manage public sector financial compliance and assurance

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!

From the Wiki University

 

DEFFIN026 - Manage public sector financial compliance and assurance

What evidence can you provide to prove your understanding of each of the following citeria?

Review financial governance requirements

  1. Identify and analyse corporate governance and ethical requirements to determine application to operations
  2. Review internal control procedures
Identify and analyse corporate governance and ethical requirements to determine application to operations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review internal control procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor adherence to compliance requirements

  1. Monitor and evaluate organisation operations to identify incidences of non-compliance
  2. Review and evaluate sources of information on potential non-compliance
  3. Interrogate financial management information system to identify any indication of non-compliance
Monitor and evaluate organisation operations to identify incidences of non-compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Review and evaluate sources of information on potential non-compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Interrogate financial management information system to identify any indication of non-compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Liaise with others during breach management

  1. Maintain liaison with relevant regulatory authorities and other organisations
  2. Seek advice from relevant internal and external personnel on the classification and management of non-compliance
Maintain liaison with relevant regulatory authorities and other organisations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Seek advice from relevant internal and external personnel on the classification and management of non-compliance

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Monitor policy

  1. Develop and report on performance indicators to evaluate compliance with internal control procedures
  2. Identify and evaluate variations in adoption of financial governance requirements in operations
  3. Develop and implement solutions to facilitate compliance with internal control procedures
Develop and report on performance indicators to evaluate compliance with internal control procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and evaluate variations in adoption of financial governance requirements in operations

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Develop and implement solutions to facilitate compliance with internal control procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Review financial governance requirements

1.1

Identify and analyse corporate governance and ethical requirements to determine application to operations

1.2

Review internal control procedures

2

Monitor adherence to compliance requirements

2.1

Monitor and evaluate organisation operations to identify incidences of non-compliance

2.2

Review and evaluate sources of information on potential non-compliance

2.3

Interrogate financial management information system to identify any indication of non-compliance

3

Liaise with others during breach management

3.1

Maintain liaison with relevant regulatory authorities and other organisations

3.2

Seek advice from relevant internal and external personnel on the classification and management of non-compliance

4

Monitor policy

4.1

Develop and report on performance indicators to evaluate compliance with internal control procedures

4.2

Identify and evaluate variations in adoption of financial governance requirements in operations

4.3

Develop and implement solutions to facilitate compliance with internal control procedures

Required Skills and Knowledge

ELEMENTS

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1

Review financial governance requirements

1.1

Identify and analyse corporate governance and ethical requirements to determine application to operations

1.2

Review internal control procedures

2

Monitor adherence to compliance requirements

2.1

Monitor and evaluate organisation operations to identify incidences of non-compliance

2.2

Review and evaluate sources of information on potential non-compliance

2.3

Interrogate financial management information system to identify any indication of non-compliance

3

Liaise with others during breach management

3.1

Maintain liaison with relevant regulatory authorities and other organisations

3.2

Seek advice from relevant internal and external personnel on the classification and management of non-compliance

4

Monitor policy

4.1

Develop and report on performance indicators to evaluate compliance with internal control procedures

4.2

Identify and evaluate variations in adoption of financial governance requirements in operations

4.3

Develop and implement solutions to facilitate compliance with internal control procedures

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include:

developing processes for managing financial non-compliance

implementing control measures to address non-compliances

monitoring the financial compliance to requirements, including:

interrogating information systems

identifying and informing senior management and regulatory authorities of non-compliance

seeking advice from internal and external personnel

investigating incidences of non-compliance

obtaining and keeping up to date with financial compliance requirements

reporting non-compliances identified.

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of:

analysis techniques relevant to review and interpret an identified non-compliance

compliance requirements applicable to the organisation

elements of a compliance management system

financial compliance responsibilities

organisational standards for operations and ethics

potential incidences of non-compliance

procedures for managing incidences of non-compliance requirements

relevant legislation and organisational policies and procedures

reporting processes on compliance management, including reports on non-compliance and remediation.

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment.

Non-essential conditions may be found in the Companion Volume Implementation Guide.